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Because it's just a thing that a British economist predicted 2 decades ago. It has no basis in reality.
by favorited 4y ago
Because it's just a thing that a British economist predicted 2 decades ago. It has no basis in reality.
- seanhunter 4y agoYes. Jim O'Neil (the economist in question) grouped them together in a piece of economic research for Goldman Sachs as examples of fast-growing developing economies that he believed would overtake the G7 in terms of GDP by 2050. [1] They weren't ever imagined as a political grouping that would work together as far as I know. [1] https://www.goldmansachs.com/insights/archive/archive-pdfs/build-better-brics.pdf https://www.goldmansachs.com/insights/archive/archive-pdfs/b... is his original paper I believe